Author: InvestAdvocate

Babalola advocates fiscal prudence for govt … As FG, states, LGs share N413bn from Federation Acco

  Written by Gbola Subair, Abuja Friday, 16 July 2010   The Minister of State for Finance, Mr. Remi Babalola, has canvassed the institutionalisation of fiscal prudence at all tiers of governance in line with the provisions of the Fiscal Responsibility Act (FRA) 2007.He disclosed that fiscal prudence would assist […]

Unity Bank extends rights issue offering by two weeks

  Friday, 16 Jul 2010      Unity Bank Plc has said it has secured an approval of the Securities and Exchange Commission to extend its rights issue offering by two weeks.The bank said in a statement in Lagos on Wednesday that the closing date for the offering would now be […]

CBN: Shareholders Now to Recapitalise Rescued Banks

  July 16, 2010   The Central Bank of Nigeria (CBN) has enhanced the participation of shareholders in the recapitalisation of  rescued banks by bestowing on them the power to midwife the process.They would also take the final decision on who invests in the financial institutions.   With this development, […]